Condo & Homeowners Association - Foreclosure
Fort Lauderdale Condo Foreclosure Attorney
Homeowner Association and Condo Foreclosure Protection in South Florida
Condominium foreclosures and homeowners association foreclosures in Florida have risen significantly in recent years. Community associations face significant financial exposure due to nonpayment of condo association fees or homeowners association dues and vacant properties following foreclosure. The Law Offices of Sherri B. Simpson offers skilled legal advice to condominium owners, condominium associations and homeowners associations in South Florida.
Contact The Law Offices of Sherri B. Simpson for straightforward, effective legal advice on homeowners association defense and condominium association defense. We strive to protect your investment despite the mortgage foreclosure upheaval. Call 954-769-0730 or reach us through e-mail.
Asserting Your Interests With a Florida Homeowners Association Defense Lawyer
The online PalmBeachPost.com noted results of a 2008 local law firm's survey of homeowners associations (HOAs):
- 50.9 percent report a decline in maintenance fee collection due to mortgage foreclosures. Lenders aren't paying fees.
- 37 percent of HOAs have raised maintenance fees to cover the losses.
- 42.3 percent say that foreclosed homes are vacant six months or more.
Due to recent changes in laws affecting homeowners associations and other community associations, past due obligations may be dischargeable in bankruptcy. If you are experiencing loss of revenues for upkeep in your own homeowners association, you aren't alone. It is wise to seek the counsel of a lawyer experienced in the unique area of condo foreclosure and homeowners association defense to ensure that your HOA stays solvent.
Protecting Your Investments in Condominium Foreclosure
Changes to condominium laws in 2011 have enhanced protections for condominium associations (as well as homeowners associations). Effective July 1, 2011, condominium associations are not liable for assessments, interests or other costs incurred on a property prior to the association taking ownership of the property through foreclosure or deed in lieu of foreclosure. Further, when a tenant defaults more than 90 days on any monetary obligation — including rent or association fees — the condominium association has a right to prohibit further use of the property and its amenities by the tenant or owner of the condominium.
These changes were also made to homeowners association laws, extending the same protections to homeowners associations.
The changes in condo and HOA laws can dramatically affect you, especially if you have investors. Ensure your interests are fully preserved by consulting with an experienced Fort Lauderdale condo foreclosure attorney.
Take Steps to Safeguard Your Investment and Your Home Now.
Attorney Sherri B. Simpson has been practicing law for more than 20 years, and has over 15 years of experience as a bankruptcy and foreclosure attorney. She represents people concerned about foreclosures and the issues surrounding HOA and condo foreclosure and bankruptcy. She has seen the Florida landscape transition from wild orange groves to multilane highways, and she understands the issues at stake for individual homeowners, HOAs and community association managers in the current Florida housing market.
We can help you deal with investors who are walking away from their investments that have lost value rather than doing what's right and paying their fees. The Law Offices of Sherri Simpson can also guide you through the homeowner association or condo foreclosure process and create a plan of action that is viable for you and your association.
Confidential Free Initial Consultation • Calls Returned Promptly • Fixed Fees Available • Major Credit Cards Accepted • 954-769-0730 • E-mail Now.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.